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The Different Debt Management Solutions

Depending on your circumstances and where you live, there are several ways on how you can resolve your debt. The different debt management solutions aims to ease your struggle in knocking down your debts. We can help you in many ways and below are the services we can offer.


Debt Consolidation

Debt consolidation works by taking out a new loan or credit to pay off your existing debts.

♦ Throughout the UK ♦

Debt Management Plan

A Debt Management Plan or DMP reduces your debt payments at a rate you can afford.

♦ Throughout the UK ♦

IVA or Individual Voluntary Arrangement

An IVA is a legal agreement between your creditors. With IVAs, you pay back a fixed amount each month, to cover your debts for five to seven years. This is based on the average amount of disposable income you have each month. Considering you accept the IVA repayments, your existing debts will be cleared within five to seven years.

♦ England, Wales, Northern Ireland ♦


Debt Payment Programme or DPP

As a part of the Debt Arrangement Scheme or DAS, a DPP allows you to repay your debt with an amount that you can afford. You’ll be making regular instalments each month based on your disposable income. These repayments are distributed among your creditors.

♦ Scotland only ♦

Declaring for Bankruptcy

You can declare bankruptcy when you do can no meet debt payments at the time they are due.

♦ Throughout the UK ♦

Protected Scottish Trust Deed or PTD

PTD is a formal agreement that allows you to pay your debts through affordable monthly installments for three to four years. Your debts will be written off once you’ve completed your PTD.

♦ Scotland only ♦

MAP or Minimal Asset Process

MAP is the process of going bankrupt but focuses on people with few assets and low income.

♦ Scotland only ♦

DRO or Debt Relief Order

DRO allows you to suspend debt payments for 12 months. After the 12 months moratorium period if your circumstances haven’t improved, your debts will be written off.

♦ England, Wales, Northern Ireland ♦


Administration Order

An administration order is a legal agreement between you and your creditors concerning your repayment plan. This is made and arranged by the County Court.

♦ England, Wales, Northern Ireland ♦


Payment Arrangement with Creditors

We can also help you reach out to your creditor to arrange affordable payment terms.

♦ Throughout the UK ♦

Releasing Equity

You can utilize the release of your equity once you’re on the age of retirement. This allows you to access money that is associated with your home.

♦ Throughout the UK ♦

Remortgaging

 Our debt experts can give advice on replacing your existing mortgage with a new one

♦ Throughout the UK ♦

Selling of Assets

Some of your valuable assets can be sold to repay your debts. We can help you in discerning if this debt management solution is right for you.

♦ Throughout the UK ♦

Settlement Offers

Offering amount to creditors as debt repayments. It can be through a lump sum or regular installments.

♦ Throughout the UK ♦

Temporary Repayment Plan

A debt management solution that enables small payments towards your debt when you cannot afford your current repayments.

♦ Throughout the UK ♦

Sequestration

A legal process in Scotland that writes off your debts

♦ Scotland only ♦

Contact Us for Debt Management Solutions

If you find it hard to cope up with your debt payments, get FREE DEBT HELP. Our debt experts can help you determine the right option to get rid of your debts. Should you wish to speak via phone, call us on 0800 193 1024 or use our free online debt advice tool.